Canada's national housing agency says the seasonally adjusted annual rate of housing starts was down 17 per cent in October from the previous month.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in October fell 17 per cent compared with September.

The national housing agency said the seasonally adjusted annual rate of housing starts was 232,765 units in October, down from 279,174 in September.

The drop came as the number of starts in Ontario and British Columbia fell in October, said CMHC deputy chief economist Tania Bourassa-Ochoa.

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However, she noted that

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